Search results
Results from the WOW.Com Content Network
The Altaba FAQ page shows there could be more distributions and also says: "Stock certificates are not required to be surrendered as part of Altaba’s liquidation and dissolution. Upon the payment of the final liquidating distribution, Altaba will issue a press release to the effect that all outstanding shares will be deemed to be cancelled.
If you owned shares of Altaba (AABA) you would have received a liquidating distribution. This should have been reported to you on a Form 1099-B by the broker where you held the stock. It would be reported the same as a stock sale. If you did not hold it with a broker dealer, you will still need to report it as the "sale" of an asset.
"In general, a non-U.S. stockholder will not be subject to U.S. federal income or withholding tax with respect to any gain realized on a liquidating distribution unless (1) the gain is effectively connected with the stockholder’s conduct of a U.S. trade or business (and, if required by an applicable income tax treaty, is attributable to a U.S. permanent establishment), or (2) in the case of ...
In general, distributions made pursuant to the Plan of Complete Liquidation and Dissolution, including the pre-dissolution liquidating distribution, will be treated for U.S. federal income tax purposes as a series of distributions in complete liquidation of Altaba in which amounts received by stockholders are treated as full payment in exchange ...
Solved: I received a 1099-B for ALTABA, no aquisition date or cost basis provided. This is a return of capital.
Today, June 19, Yahoo shares started trading as Altaba (AABA). I had some shares in a Charles Schwab account. Quicken is bringing up a window in my Schwab account that says "Matching Security" and asking is this a "same" security or a new security. Should I accept this as a new security and "exchange" the shares from Yahoo to Altaba?
Altaba intends to make an additional distribution following the receipt of the final court order from Delaware Chancery Court. For the additional distribution, Altaba intends to distribute Altaba’s remaining assets in excess of the amount to be used by Altaba to pay claims and fund the reserves required by the Court Order and pay Altaba’s ...
line 9 of 1099-div goes nowhere. you need to report it as a sale on form 8949. sales price liquidtion amount. cost basis of altaba shares. check the 1099-B to make sure that's not already reported the
I owned Altaba as well. Does anyone know if / when there will be a final distribution? I read that the reason why it was partial (~75%) was because they reserved the rest for tax reasons. It was essentially a holding company for Alibaba stock, a Chinese company. They were not sure if there would be tax implications for liquidating the stock.
Altaba has said it plans to make a second distribution in the fourth quarter of 2020. A final distribution or distributions are expected at a later date, which analysts have estimated could be in 2022. The company also has an FAQ site.